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/product/detail/index/isin/CH0347701317
34770131DPWBEU
Deutsche Post30.26%--06.03.2018EUR27.9528.05
/product/detail/index/isin/CH0349218781
34921878GILDEU
Gilead6.88%16.35% p.a.19.04.2018USD73.9074.35
/product/detail/index/isin/CH0349221462
34922146BHPBHU
BHP Billiton19.14%--16.02.2018GBP13.0513.10
/product/detail/index/isin/CH0349222841
34922284ABXXXU
Barrick Gold1.96%7.42% p.a.20.04.2018USD14.7014.75
/product/detail/index/isin/CH0355033322
35503332BELLAU
Barrick Gold-0.37%--01.02.2018USD14.9015.10
/product/detail/index/isin/CH0358206172
35820617BEFEDU
FedEx30.03%0.00% p.a.01.03.2018USD188.00190.00
/product/detail/index/isin/CH0358662317
35866231BENEMU
Newmont Mining27.84%1.17% p.a.05.03.2018USD28.1528.45
/product/detail/index/isin/CH0358666375
35866637BEGOGU
Alphabet Inc. C24.71%0.00% p.a.07.03.2018USD846.00850.00
/product/detail/index/isin/CH0359334973
35933497BECELU
Celgene Corporation-0.02%--08.03.2018USD105.20105.90
/product/detail/index/isin/CH0359890685
35989068BEMEKU
Merck & Co.9.03%28.24% p.a.15.03.2018USD56.8057.40
/product/detail/index/isin/CH0360976531
36097653BAYUUU
Bayer1.36%7.29% p.a.23.03.2018EUR102.10103.10
/product/detail/index/isin/CH0360983784
36098378MINEBU
Newmont Mining23.91%0.00% p.a.26.03.2018USD29.7530.00
/product/detail/index/isin/CH0360988841
36098884DAIJPU
Daimler11.70%5.06% p.a.05.07.2018EUR64.9565.65
/product/detail/index/isin/CH0362599125
36259912BELLOU
Lonza35.99%0.19% p.a.06.08.2018CHF183.90184.80
/product/detail/index/isin/CH0362606243
36260624CELBEU
Celgene Corporation2.34%9.84% p.a.11.04.2018USD102.10103.40
/product/detail/index/isin/CH0363896702
36389670BEBARU
Barrick Gold0.63%2.36% p.a.18.04.2018USD14.7514.95
/product/detail/index/isin/CH0364513702
36451370BELABU
Celgene Corporation3.28%12.43% p.a.23.04.2018USD101.20102.40
/product/detail/index/isin/CH0364514981
36451498BELMEU
Merck & Co.12.83%8.10% p.a.25.10.2018USD54.4055.00
/product/detail/index/isin/CH0364517448
36451744BELVLU
Merck & Co.9.34%8.55% p.a.19.04.2018USD56.6057.20
/product/detail/index/isin/CH0365242400
36524240BEGILU
Gilead9.38%11.56% p.a.09.05.2018USD72.0572.35
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Discount certificate (UBS BLOC)

A UBS BLOC (Buy Low Or Cash), also known as a discount certificate, enables investors with a moderate-to-high risk tolerance to obtain a price reduction when purchasing a selected underlying asset (e.g. index, equity, currency pair or precious metal). The more favorable entry results in a return benefit so that attractive returns are possible even in a sideways moving market.

Participating in price increases is limited: as soon as the price of the underlying asset trades at or above the cap level at maturity, the UBS BLOC will yield the anticipated return. The price reduction granted at the beginning results in investors benefiting from a safety buffer. Buyers of a UBS BLOC are almost always in a better position when the prices of the underlying asset fall than direct investors are, as they usually suffer fewer losses in terms of percentage.

However, the reduction in price is not full protection at maturity. If the underlying asset trades below the purchase price paid for the certificate there will be a loss in the capital invested. If the underlying asset closes below the cap level at maturity, the repayment is linked directly to the price of the underlying asset. The investor is then either paid the value of the underlying asset or the cash value of the underlying asset adjusted by the subscription ratio. In addition, the issuer risk must be taken into consideration, since the invested capital could be lost if UBS AG becomes insolvent, irrespective of the performance of the underlying asset.

A more detailed product description is available in our brochure "Knowledge in a nutshell".